Four retailers to pay penalties for false labeling


Four retailers have agreed to pay civil penalties for mislabeling rayon products as simply “bamboo,” according to the Federal Trade Commission. Under the proposed settlement, Bed Bath & Beyond will pay $500,000; Nordstrom will pay $360,000; JC Penney will $290,000; and Backcountry.com will pay $150,000. The FTC said the retailers